sharesTwitter companyTWTR -9.72%Dropped on Friday afternoon after tradingElon MuskHe said his deal to buy a social media company She was ‘hanging’. But on Friday morning, he wrote on Twitter, “Twitter deal temporarily on hold, pending account details that spam/fake accounts already account for less than 5% of users.” He linked a May 2 Reuters report to a recent financial file on Twitter containing these statistics. Twitter shares fell as much as 26% in premarket trading on Friday, to $33.51, according to Dow Jones Market data. Still, Twitter Stocks are trading now About 25% below the transaction price of $54.20 per share. Like many tech stocks, Twitter has too Been hit hard lately Through a large-scale sale of high-risk assets in the market.

Source: Wall Street Journal May 14, 2022 02:21 UTC